Saturday, August 08, 2026
Latvia and Liechtenstein will implement their income and capital tax treaty on 23 May 2026. The agreement, which was signed on 2 October 2025, will become applicable starting 1 January 2027. The treaty encompasses several tax categories in both nations. For Latvia, it covers enterprise income tax, personal income tax, and immovable property tax. Liechtenstein’s...
The Bahrain Shura Council (upper house) gave its approval to the law for the ratification of the income tax treaty with Saudi Arabia during its 29th session held on 10 May 2026. Signed on 3 December 2025, the provisions of the agreement apply to Bahrain corporate income tax as well as Saudi Zakat and income...
Andorra’s government announced on 6 March 2026 that representatives from Andorra and Panama met in March 2026 to discuss international legal cooperation and security initiatives, including plans to negotiate an income tax treaty. At the XXIV Ibero-American Conference of Ministers of Justice in Panama City on 8 May 2026, Andorra’s Secretary of State, Joan León,...
Canada’s Department of Finance announced on 12 May 2026 that discussions will begin next month to modernise the income tax agreement between Canada and Australia. The current treaty, originally established in 1980, has been modified twice through a 2002 protocol and the BEPS Multilateral Instrument. Canadian authorities are actively seeking feedback from stakeholders before negotiations...
Burundi’s National Assembly issued a post confirming the approval of the income tax treaty with the UAE on 12 May 2026. The treaty was signed 16 February 2017. The primary goal of this treaty is to create a transparent tax environment and encourage cross-border investment. By removing the burden of being taxed in both countries,...
The French tax authorities (FTA) published a new annex BOI-ANNX-000511 on 29 April 2026 listing 68 tax treaties concluded by France that have been modified by the OECD’s Multilateral Instrument (MLI), under the OECD Base Erosion and Profit Shifting (BEPS) framework. The MLI, in force for France since 1 July 2019, allows BEPS-related tax treaty...
The US and China are moving toward a new approach in their trade relationship, with both nations expected to identify approximately USD 30 billion worth of goods for potential tariff reductions. A new pragmatic strategy US Trade Representative Jamieson Greer introduced the Board of Trade concept in March as a central component of discussions for...
The Hong Kong Legislative Council approved the Inland Revenue Amendment Bill 2026 on 13 May, introducing substantial tax concessions outlined in the 2025 Policy Address and 2026-27 Budget. Beginning with the 2026-27 assessment year, the legislation raises various tax allowances and deduction limits. These adjustments cover basic personal allowances, married persons, single parents, and dependent...
The Slovak Republic’s National Council voted down proposed changes to VAT registration requirements on 7 May 2026, ending plans to raise turnover thresholds for small businesses. This follows the consideration by the Slovak Republic parliament of draft legislation proposing significant changes to VAT registration requirements from 1 July 2026, including higher turnover thresholds intended to...
Brazil’s President Luiz Inácio Lula da Silva signed a provisional presidential decree on Tuesday 12 May 2026 eliminating the federal tax on imports worth less than USD 50, reversing a levy that had been widely criticised. The presidential decree and an ordinance removing the tax were published in an extra edition of the Federal Official...